Comments on: Breaking Down The 100K A Year Barrier With Your Small Business http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/?utm_source=rss&utm_medium=rss&utm_campaign=breaking-down-the-100k-a-year-barrier-with-your-small-business Starting An Online Business When Your Wife Wants to Stay at Home With the Kids Sun, 20 May 2012 09:19:06 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: DaNia http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/comment-page-1/#comment-7699 DaNia Mon, 30 Apr 2012 19:58:03 +0000 http://mywifequitherjob.com/?p=6969#comment-7699 Thanks for the explanation Steve. Looks like I have some number crunching to do. Thanks for the explanation Steve. Looks like I have some number crunching to do.

]]> By: Steve |MyWifeQuitHerJob http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/comment-page-1/#comment-7698 Steve |MyWifeQuitHerJob Mon, 30 Apr 2012 16:45:24 +0000 http://mywifequitherjob.com/?p=6969#comment-7698 Hi DaNia, Your average profit per sale is a number that you can estimate based on whatever data you have. For example, since we sell handkerchiefs for weddings, we made some rough assumptions about the number of people that would be in a typical bridal party. Sometimes, you can also use marketplaces like Ebay or Etsy to make an estimate as well. Overall, it depends on your products and what your profit per item is and that nature of the goods you sell. Hi DaNia,

Your average profit per sale is a number that you can estimate based on whatever data you have. For example, since we sell handkerchiefs for weddings, we made some rough assumptions about the number of people that would be in a typical bridal party. Sometimes, you can also use marketplaces like Ebay or Etsy to make an estimate as well.

Overall, it depends on your products and what your profit per item is and that nature of the goods you sell.

]]> By: DaNia http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/comment-page-1/#comment-7691 DaNia Sun, 29 Apr 2012 05:38:20 +0000 http://mywifequitherjob.com/?p=6969#comment-7691 Hello, In your post you mentioned to find "your average profit per transaction" in order to figure out how much money to make per day to achieve the monthly goal of $8,333. How can you determine the average profit per transaction when a store does not have any sales? I've just started my business and have only received two sales. I'm a little confused on how I can calculate this number with no sales. Hello,
In your post you mentioned to find “your average profit per transaction” in order to figure out how much money to make per day to achieve the monthly goal of $8,333. How can you determine the average profit per transaction when a store does not have any sales? I’ve just started my business and have only received two sales. I’m a little confused on how I can calculate this number with no sales.

]]> By: Green Nippers http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/comment-page-1/#comment-7220 Green Nippers Wed, 25 Jan 2012 11:52:03 +0000 http://mywifequitherjob.com/?p=6969#comment-7220 Hi Steve, It is interesting to hear how significant Adwords is with your business, it is definitely something we will be considering. Thanks Victoria Hi Steve,

It is interesting to hear how significant Adwords is with your business, it is definitely something we will be considering.

Thanks
Victoria

]]> By: Steve http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/comment-page-1/#comment-7204 Steve Fri, 20 Jan 2012 19:47:17 +0000 http://mywifequitherjob.com/?p=6969#comment-7204 Adwords fluctuates between 20-25% of our business so it's definitely significant. The reality is that organic listings are getting pushed lower and lower on the screen as Google tries to increase their revenues so they are almost forcing you to use Adwords. I don't think a specialist is needed but definitely plan on losing some money in the beginning. Adwords fluctuates between 20-25% of our business so it’s definitely significant. The reality is that organic listings are getting pushed lower and lower on the screen as Google tries to increase their revenues so they are almost forcing you to use Adwords. I don’t think a specialist is needed but definitely plan on losing some money in the beginning.

]]> By: Green Nippers http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/comment-page-1/#comment-7200 Green Nippers Thu, 19 Jan 2012 13:15:22 +0000 http://mywifequitherjob.com/?p=6969#comment-7200 Wow! What a brilliant article, congratulations to you and your wife on the success of your business. I love how you broke down your sales target to bite size chunks, which made it seem more realistic and achievable, and obviously it worked :-). I also have my own on line business (based in the UK) specialising in organic baby and children's clothes. We are just starting out into our third year, and the good news is that our sales have pretty much increased month by month but we are not achieving sales as high as we hoped. We have tried Google Adwords but we found they didn't work for us, they took up a lot of our time to manage and cost us a lot of money. As there are so many other areas to concentrate on in the business, we haven't had the time to try Adwords out again. The reason why they may not have worked for us, was probably because I am not specialised in this area so I may have not used Adwords to it's full potential? Would you say that Adwords are one of the most important ways of driving the right customers to your site and increasing sales? As I think for 2012 this is definitely an area to consider to increase our sales. We have, and continue to do lots of seo work for our website and the results are starting to pay off. We rank quite high within the organic listings. Would you say it is as important to use Adwords as well as ranking naturally? Also would you recommend that we pay a specialist to set up and monitor our Adwords for us? Thank you Wow! What a brilliant article, congratulations to you and your wife on the success of your business.

I love how you broke down your sales target to bite size chunks, which made it seem more realistic and achievable, and obviously it worked :-) .

I also have my own on line business (based in the UK) specialising in organic baby and children’s clothes. We are just starting out into our third year, and the good news is that our sales have pretty much increased month by month but we are not achieving sales as high as we hoped.

We have tried Google Adwords but we found they didn’t work for us, they took up a lot of our time to manage and cost us a lot of money. As there are so many other areas to concentrate on in the business, we haven’t had the time to try Adwords out again. The reason why they may not have worked for us, was probably because I am not specialised in this area so I may have not used Adwords to it’s full potential?

Would you say that Adwords are one of the most important ways of driving the right customers to your site and increasing sales? As I think for 2012 this is definitely an area to consider to increase our sales. We have, and continue to do lots of seo work for our website and the results are starting to pay off. We rank quite high within the organic listings. Would you say it is as important to use Adwords as well as ranking naturally? Also would you recommend that we pay a specialist to set up and monitor our Adwords for us?

Thank you

]]> By: Which Blog Monetization Strategies Work For Long Term Growth? http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/comment-page-1/#comment-7030 Which Blog Monetization Strategies Work For Long Term Growth? Sat, 24 Dec 2011 04:02:58 +0000 http://mywifequitherjob.com/?p=6969#comment-7030 [...] it away for free, but include affiliate links or some other value added service.Physical GoodsSell wedding linens, tshirts, a self-published book, ShamWow’s, Ginsu knives, or any other physical product drop [...] [...] it away for free, but include affiliate links or some other value added service.Physical GoodsSell wedding linens, tshirts, a self-published book, ShamWow’s, Ginsu knives, or any other physical product drop [...]

]]> By: Steve http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/comment-page-1/#comment-4104 Steve Thu, 20 May 2010 14:56:08 +0000 http://mywifequitherjob.com/?p=6969#comment-4104 @Mike Interesting. Whenever I go to Asia, I find a gazillion vendors that sell camera gear (mostly bags and cases) at great prices. Perhaps you are looking in the wrong place for new vendors. Have you tried going to any of the product sourcing tradeshows? @Mike
Interesting. Whenever I go to Asia, I find a gazillion vendors that sell camera gear (mostly bags and cases) at great prices. Perhaps you are looking in the wrong place for new vendors. Have you tried going to any of the product sourcing tradeshows?

]]> By: Mike http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/comment-page-1/#comment-4093 Mike Wed, 19 May 2010 03:03:49 +0000 http://mywifequitherjob.com/?p=6969#comment-4093 @Steve - Interestingly enough, making $100K from a website is not something I see as a problem. The problem I find is find a product to sell in the first place. I did really well for a while selling camera gear, but my vendor quit selling to US companies and I lost my competitive advantage (price). Any thoughts on how to source product would be wonderful. Mike @Steve –

Interestingly enough, making $100K from a website is not something I see as a problem. The problem I find is find a product to sell in the first place. I did really well for a while selling camera gear, but my vendor quit selling to US companies and I lost my competitive advantage (price).

Any thoughts on how to source product would be wonderful.

Mike

]]> By: Steve http://mywifequitherjob.com/breaking-down-the-100k-a-year-barrier-with-your-small-business/comment-page-1/#comment-2814 Steve Wed, 11 Nov 2009 15:46:27 +0000 http://mywifequitherjob.com/?p=6969#comment-2814 @Xurxo Thanks a lot! When I start using Yahoo and MSN, I make take you up on the offer! @Xurxo
Thanks a lot! When I start using Yahoo and MSN, I make take you up on the offer!

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